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Brazil's economic activity slows sharply in February
April 16, 2014 / 11:46 AM / 4 years ago

Brazil's economic activity slows sharply in February

BRASILIA, April 16 (Reuters) - The Brazilian central bank’s IBC-Br economic activity index rose 0.24 percent in February from January in seasonally adjusted terms, the bank said on Wednesday.

The median estimate in a Reuters survey of 23 analysts was for an increase of 0.3 percent. Economic activity growth in January was revised up to 2.35 percent from a previously reported 1.26 percent, according to central bank data.

The index, a gauge of activity in the farming, industry and services sectors, rose a non-seasonally adjusted 4.04 percent over the same month a year ago. (Reporting by Alonso Soto; Editing by Chizu Nomiyama)

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